REPEAT -- Alkaline Fuel Cell Power Corp. Announces Letter of Intent to Integrate GENIUS Energy Hub- Energy Breaker Panel with Jupiter 1.0 Fuel Cell
Retrieved on:
Wednesday, March 15, 2023
The LOI summarizes the intentions of the Company and Koben to enter into a Joint Venture (“JV”) for the integration of the GENIUS Energy Hub with PWWR’s fuel cell (the “Pilot”).
Key Points:
- The LOI summarizes the intentions of the Company and Koben to enter into a Joint Venture (“JV”) for the integration of the GENIUS Energy Hub with PWWR’s fuel cell (the “Pilot”).
- “The integration of this GENIUS Energy Hub breaker panel would enable PWWR fuel cell systems to automatically shift any/all power resources based on time, price, and availability, thus allow PWWR fuel cell systems to function as the quarterback for all on-site power sources,” stated Frank Carnevale, Chief Executive Officer of PWWR.
- We are pleased to align with Alkaline Fuel Cell Corp. to advance our vision to bring innovation to the energy and the prop-tech industry,” stated Vic Burconak, Chief Executive Officer of Koben.
- PWWR has access to $5 million in debt financing (the “Financing”), and intends to support costs in strategic fuel cell Pilots.